Procurement in Construction
Procurement is the process of preparing for the implementation of a project. This involves selecting the best contractual arrangement for a particular project, inviting tenders and agreeing the various contracts required to get the project off the ground. Procurement can often involve agreeing funding facilities.
We are on hand to help our clients navigate through the procurement process from the earliest inception of the project. Clients benefit from our ability to identify and advise on suitable methods of procurement (and the corresponding forms of agreement) including ‘traditional’ procurement, design and build, construction management, direct trade contracting, management contracting, PFI and PPP, framework agreements, FM contracts, development agreements and supply contracts.
Whilst most of our clients operate in the UK, much of our work has a foreign dimension with a number of our clients operating in mainland Europe and the Republic of Ireland. We are familiar with domestic and European public procurement laws.
We regularly prepare, and advise on bespoke forms of contract and standard forms of contract including JCT, ICE, NEC, CECA, the IET Model Forms (MF), FIDIC, IChemE, RIBA, ACE, BPF and the CIC. We provide our clients with advice on amendments to the standard forms of contract to suit their requirements, and the requirements of interested third parties.
We draft other types of construction contract to suit the demands of the project including: letters of intent, framework agreements, development agreements, development loan facilities, professional appointments, collateral warranties, schedules of third party rights, company guarantees, performance bonds, crane and scaffolding licences, copyright licences, letters of reliance, deeds of assignment and novation, escrow agreements, and specialist contracts for the installation and maintenance of engineering equipment.
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